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The Independent UK
The Independent UK
World
The Associated Press

The Latest: Business leaders warn Trump tariffs will raise prices for US consumers

Trump Tariffs - (Copyright 2025 The Associated Press. All rights reserved)

President Donald Trump announced plans for sweeping tariffs Wednesday, saying “our country has been looted, pillaged, raped, plundered” by other nations.

The aggressive rhetoric came as Trump showed a willingness to dismantle a global economic system that the United States helped to build after World War II. Trump held up a chart while speaking, showing the United States would charge a 34% tax on imports from China, a 20% tax on imports from the European Union, 25% on South Korea, 24% on Japan and 32% on Taiwan.

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